November Statistics

Blog Archives

Electronic card spending up 1.4%

Retail spending using electronic cards was $5.2 billion in November 2017, with swipe happy consumers spending 3.6 per cent more than they did in November 2016.

The motor-vehicle industry contributed to this month’s growth by 1.0 per cent or $2 million.

Electronic card transactions series covers all debit, credit and charge car transactions involving New Zealand merchants.

These statistics are a great indication as to what changes are happening in consumer spending and economic activity. 

When adjusted for seasonal effects, total retail card spending rose 1.4 per cent in November 2017 after a 0.7 per cent rise in October 2017, Statistics New Zealand said today.

The motor-vehicle industry contributed to this month’s growth by 1.0 per cent or $2 million, which is a healthy increase compared to November 2016 when the industry was down 2.5 per cent.

However, the boost came largely off the back of increased spending on fuel which was up $28 million, 5.0 per cent.

“Fuel prices reached a three-year high in November, contributing to the overall increase in retail card spending,” retail manager Sue Chapman said.

It was also the first time since January 2017, all six retail industries had increases from last month.

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Best month on record for used imported cars

As 2017 draws to a close, imported used car sales have already eclipsed last year’s total by 2,026 units.

Even a poor sales month in December will see a new record year of used imported car registrations – beating 2003’s total of 156,972.

Year to date, there’s been 151,552 used car registrations which is an 11.2 per cent increase on the same period last year when 136,345 units had been sold and 2,026 units ahead of 2016’s 12-month total of 149,526.

November’s sales total of 14,924 was the best month ever for registrations of used imported cars – beating March 2004’s record of 14,877 registrations.

Last month was also up 16.9 per cent compared to November last year.

Nineteen of the country’s 22 regions saw a healthy lift in sales compared to the same month last year. Wanganui had an awesome month – up 73.3 per cent, from 75 sales in November 2016 to 130 last month. Thames also performed well compared to the same month last year – up 53.4 per cent with 158 sales.

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